Walgreens Boots Alliance to be taken private by Sycamore Partners in $23.7 billion deal

From Nasdaq: 2025-03-06 19:57:50

Private equity firm Sycamore Partners has agreed to take Walgreens Boots Alliance private in a deal worth up to $23.7 billion. The deal includes $11.45 per share in cash and the potential for an additional $3.00 per share from future monetization of villageMD businesses. This represents a premium of up to 63% to Walgreens’ closing share price on December 9, 2024. Once the transaction is complete, Walgreens Boots Alliance will no longer be listed on the Nasdaq Stock Market.

The transaction is expected to close in the fourth quarter of 2025 and includes a “go-shop” period for alternative proposals. Walgreens Boots Alliance will continue operating under its current brand names and maintain its headquarters in Chicago.

As part of the deal, WBA will receive 100% of the net proceeds from the sale of Divested Assets businesses, up to the $3.4 billion debt owed by VillageMD. The transaction is expected to benefit both parties involved.



Read more at Nasdaq: Walgreens Boots Alliance To Be Taken Private By Sycamore In $23.7 Bln Deal; Stock Up In After-hours